Natco partner clears one patent hurdle for US generic launch

This is for the generic version of a popular drug for multiple sclerosis, Copaxone 40 mg

Image
BS Reporter Hyderabad
Last Updated : Jan 31 2017 | 7:50 PM IST

A district court in America has cleared a legal hurdle over the possible launch by Mylan of the generic version of a popular drug for multiple sclerosis (MS), Copaxone 40 mg.

The court declared four other patent claims to be invalid. One more patent claim is pending before a tribunal there.

Mylan, a US drug generics major, is marketing partner of Hyderabad-based Natco Pharma for this particular generic. They would jointly benefit from its possible launch, conditional upon approval from the US Food and Drug Administration (FDA). Natco announced the development on Tuesday.

Natco shares rose six per cent intra day to Rs 700 before ending the day at Rs 690, up 4.5 per cent over the previous close of Rs 660.25 on the BSE exchange.

Copaxone 40 mg/ml had US sales of $3.3 billion for the 12 months ending November 2016. Natco is yet to get FDA approval for its Abbreviated New Drug Application (ANDA) for Copaxone 20 mg, filed five years earlier; patents on it expired in May, 2015. The ANDA for Copaxone 40 mg was filed by Mylan about 18 months earlier.

Beside this brand in question, a couple of generic versions of the drug, including of Sandoz, are already available in the US market.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story